Estimated tax estimate for next year seems high

[mikenorfleet22]

In 2016, I paid the estimated taxes that turbotax suggested, and I am receiving a pretty big refund. The refund is equal to about half of the estimated taxes that I paid throughout the year. Turbotax is recommending a similar amount of estimated tax for 2017, but this seems like too much based on my 2016 refund. Should I reduce the estimated tax payments based on this?

[PaulaM]

You can create new vouchers and adjust the amounts for your expected 2017 income items.

If you have already filed, then you will need to 'open' up your return again.

• Sign in to your TurboTax Online account and select My TurboTax, View My Tax timeline
• In the Some things you can do section, click 'Add a State' (you aren't really adding a state this is just a way to reopen your return)
• Select My Account
• Tools
• Topic Search
• Type 'estimated tax payments for next year' in the box, then select GO

Select 'no' for the W-4 form, then continue to create new vouchers. Then print from My Account, Print Center.